The Chosun Ilbo on MSN

Smaller Insurance Agencies Show Weaker Internal Controls in FSS Evaluation

The financial authorities announced that in their evaluation of the internal control practices of 75 large corporate insurance agencies (GA) last year, the overall average grade assigned was Grade 3 ...

Internal controls protect small and mid-sized businesses from financial fraud and operational risks

Many growing companies place great trust in long-time employees who handle key financial duties. That trust is valuable, but ...
Smart Business Magazine

Why internal controls are important for an efficient internal financial audit

If, through an internal financial audit, issues are uncovered or the information a company is able to provide is not the specific, higher-level information needed, it will delay the audit process, ...

From Fire Drill To Framework: Six Keys To Strong Internal Controls

While management teams often concentrate on bankers, investor presentations and legal filings, one area can derail things ...
Homeland Security Today

Audit Finds Weaknesses With DHS’ Internal Control Over Financial Reporting

An annual audit of the Department of Homeland Security’s (DHS) consolidated financial statements and internal control over financial reporting has been carried out by the independent public accounting ...
Houston Chronicle

GAAP Principles for Internal Control Procedures

The Financial Accounting Standards Board's generally accepted accounting principles, or GAAP, set the accounting standards a United States company must follow. Internal controls are designed to ...
Businessworld

Decoding Internal Financial Controls

<p>Indian regulations on financial reporting are being aligned to international practices and the introduction of Internal Financial Controls (IFC) in the Companies Act 2013 is reflective of this ...
Houston Chronicle

What Is the Purpose of Internal Controls of a Company?

It's important that you, as a small business owner, put measures in place that protect your company's financial and management data, in accordance to the laws and regulations of your state and the ...
JD Supra

COSO Releases New Guidance on Internal Controls for Sustainable Reporting

On March 30, 2023, the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”), an organization comprising five private-sector organizations with the goal of helping companies ...
The National Law Review

COVID-19: Considerations for Internal Controls Over Financial...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Homeland Security Today

Auditor Finds Weaknesses in DHS’ Internal Control Over Financial Reporting

The Office of Inspector General (OIG) has published the findings of this year’s annual audit of the Department of Homeland Security’s (DHS) consolidated financial statements and internal control over ...